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3970 NW 31st Terrace, Lauderdale Lakes, FL 33309

$990,000
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Property Description

Excellent Investment Opportunity! Legal 5-Unit Multifamily Property Featuring Four Spacious 2-Bedroom, 1-Bath Apartments Plus One Studio. Currently Generating $6,700 Monthly With One Vacant Unit Offering Immediate Upside! Projected Income Of $8,400 Monthly Or $100,800 Annually! Annual Expenses: Taxes $18,000, Insurance Estimated $7,500, Water $3,756, Lawn $660. Total Approx. $29,916 Annually. Projected NOI $70,884 With A Potential 7.16 Cap! New Roof In 2023, Mostly Renovated Units With Updated Kitchens, Flooring And PVC Plumbing. Tenants Pay Their Own Electric! No HOA! Excellent Income-Producing Property With Strong Upside Potential!

3970 NW 31st Terrace | MLS# B26087278

This multi-family property located at 3970 NW 31st Terrace, Lauderdale Lakes, FL 33309 is currently listed for sale with an asking price of $990,000. Search Lauderdale Lakes real estate on www.signwithsanford.com today.

SQUARE FEET3,534 MLS#B26087278
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Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric
Heating: Central, Separate Meters
Lot Size: 0.20 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $18,353
Year Built: 1972
Square Feet: 3,534

Amenities

Other

Feature Descriptions

Days on Site: 14
Exterior: Block
Flooring: Tile
Lot Dimensions: 8850
Parcel#: 494219152161
Pets Allowed: Yes, No Restrictions
Restrictions: No Restrictions
Sewer: Public Sewer
SQFT Living: 3534
Structure Type: Multi Family, Quadruplex
Units: 4
Utilities: Cable Available, Electricity Available, Water Available
Utilities: Cable Available, Electricity Available, Water Available
Water: Public

Local Schools

High School: Boyd H. Anderson
Middle School: Lauderdale Lakes
Elementary School: Oriole

Listed By / Shown By

Listed By

Agency Name: Fidelity Real Estate Group LLC
Agency Phone: 954-345-9144

Shown By

Agent Name: The Sanford Group
Agent Phone: Cell: (904) 868-9651
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 6,808.53 per month $4,990.36 Principal & Interest $1,529.42 Property Tax $288.75 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/26/2026. The listing information on this page last changed on 10/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 10/26/2026 12:04:35 AM EST) or GAMLS (last updated Sun 10/25/2026 11:05:59 PM EST) or Stellar MLS (last updated Sun 10/25/2026 11:54:42 PM EST) or SPC MLS (last updated Sun 10/25/2026 11:20:24 PM EST) or Martin MLS (last updated Sun 10/25/2026 11:38:25 PM EST) or Indian River MLS (last updated Sun 10/25/2026 11:28:44 PM EST) or Daytona MLS (last updated Sun 10/25/2026 11:36:42 PM EST) or Northeast Florida MLS (last updated Sun 10/25/2026 11:58:53 PM EST) or Beaches MLS (last updated Sun 10/25/2026 11:56:52 PM EST) or BORMLS (last updated Sun 10/25/2026 11:17:26 PM EST) or Scout MLS (Golden Isles) (last updated Sun 10/25/2026 7:05:59 AM EST) or Amelia/Nassau MLS (last updated Sun 10/25/2026 11:25:18 PM EST) or Dixie Gilchrist Levy MLS (last updated Sun 10/25/2026 11:42:15 PM EST) or NFLMLS (last updated Sun 10/25/2026 9:04:25 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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